Navenio Secures $12.6M Investment to Accelerate Global Growth in Healthcare and Beyond
Today we’re proud to announce that we have secured a $12.6 million investment to help revolutionise workforce efficiency and rapidly accelerate growth in the US market. The round was led by Oxford Science Enterprises, and saw the majority of Navenio’s existing investors participate, including QBN Capital, Big Pi Ventures, Future Planet Capital, G.K Goh, Hostplus, Oxford Investment Consultants, IP Group, and the University of Oxford. The funding will help to deliver our long term vision to bring the benefits of indoor location to everyone, everywhere.
Navenio is currently tackling the rising cost of healthcare with tools that can increase workplace productivity by up to 100%, freeing up clinical resources to focus on patient care. The investment will enable Navenio to get its breakthrough technology into the hands of many more frontline teams, helping them cope with demand by maximising patient flow in key departments such as imaging and logistics, a key issue limiting the ability of hospitals to continue critical operations and procedures as the pandemic continues to impact healthcare.
Niki Trigoni, Founder and CTO of Navenio, said: “I’m delighted our investors have again demonstrated their belief in the vast potential that Navenio can bring by ensuring ‘right person, right place, right time’. Artificial intelligence is one of many technologies making a real world impact in the healthcare sector, and this investment enables the company to rapidly spearhead international digital transformation.”
Matt Arnold, Principal at Oxford Science Enterprises commented: “We’ve supported Navenio since day one and couldn’t be happier with the progress they have made despite the pandemic. We are proud of the impact this business has made in healthcare and this investment gives the company the firepower to deliver this promise internationally.”
Following recent funding from NHSX, as part of an AI in Health and Care Award, Navenio is also currently developing a proven and nationally scalable evidence base to further support improved patient flow across the healthcare economy. Going beyond healthcare, relationships such as that with HERE Technologies, will also see the ground-breaking indoor location tech deployed in many more verticals.